[Photo News] Bitcoin that caused ‘dead cross’

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On the 11th, the Bitcoin price is displayed on the electronic display of the Bithumb Customer Support Center in Seocho-gu, Seoul.

Major cryptocurrencies are falling all at once, with Bitcoin once below $40,000 on concerns about interest rate hikes. In particular, Bitcoin experienced a dead cross, a bearish indicator. A dead cross is when the 50-day moving average falls below the 200-day moving average, symbolizing a trend downtrend. 2022.1.11

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